SmarTrend identified a Downtrend for Reliance Steel & Aluminum (NYSE:RS) on May 05, 2010 at $47.97. In approximately 3 weeks, Reliance Steel & Aluminum has returned 4.3% as of today's recent price of $45.91.
Reliance Steel & Aluminum is currently below its 50-day moving average of $49.12 and should find support at its 200-day moving average of $43.68. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Reliance Steel & Aluminum.
豫公网安备41010502003434号